italy debt maturity schedule 2012

italy debt maturity schedule 2012 ; Prime Minister Mario Monti’s emergency budget plan won final approval in Parliament today as Italy struggles to tame surging borrowing costs before facing 53 billion euros ($69 billion) in debt repayments early next year.

Italy’s 10-year bond yield reached a euro-era record 7.48 percent on Nov. 9, three months after the European Central Bank started buying the country’s bonds to fight the debt crisis. The Treasury had to pay 6.47 percent to sell five-year debt at its last auction on Dec. 14, the most in more than 14 years.

Italy has to repay about 53 billion euros in the first quarter from the euro region’s total maturing debt of 157 billion euros, according to UBS AG. It owes a further 3.2 billion euros in interest payments based on the average five- year yield of the past three months. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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